Pivot (invalidation): 38.60
Our preference Short positions below 38.60 with targets at 37.30 & 36.65 in extension.
Alternative scenario Above 38.60 look for further upside with 39.40 & 40.10 as targets.
Comment As Long as the resistance at 38.60 is not surpassed, the risk of the break below 37.30 remains high.